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SCORPION-xisa [38]
3 years ago
12

One of the advantages of having a savings account is that the money can be used for emergency purposes, whereas money in bonds,

CDs, or investments may not be readily available.
TRUE OR FALSE
Business
2 answers:
wariber [46]3 years ago
7 0

Answer:

TRUE  is the correct answer.

Explanation:

One of the advantages of having a savings account is that the money can be used for emergency purposes, whereas money in bonds, CDs, or investments may not be readily available is true.

When you require your money at the emergency condition in case of CD, investments and bonds you may get less cash  than you have invested or you need to pay penalty for the early withdrawal whereas in case of saving account you can withdraw your money at emergency condition without any loss or without any penalty.

Savings accounts are the safest way to save money and to earn interest in the cash deposited.

Advantages of saving account

  • In saving accounts your deposited money is safe and it also gives interest.
  • In saving accounts, money can be kept safe and the money can be used at the time of requirement or emergency.
  • Saving account can be open at very little cash.

 

valentina_108 [34]3 years ago
4 0
TRUE. Hope this helps!
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Zachary graduated from college. He paid for much of his education with student loans. These loans are not backed by any specific
Shtirlitz [24]

Answer:

unsecured loan

Explanation:

Loans that are issued without the need for collateral are unsecured loans.  The loans are not backed by any financial asset.  A lender will use different criteria to qualify a borrower for unsecured loans. Should a client with an unsecured default, the bank does not have rights to the physical properties of the client.

In most cases, banks will have schemes through which customers qualify for unsecured loans. For example, a bank can negotiate with its corporate clients for the employees' to qualify for unsecured loans. There also schemes for students and clients with good credit scores to get unsecured loans.

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4 years ago
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2. Why might this be the perfect advice for beginning investors?
soldi70 [24.7K]

Explanation:

Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.

8 0
3 years ago
Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
hjlf

Answer:

I wouldn't invest.

Risk preference at least 50-50 chance of gain and loose

Explanation:

case of success the return i get is $40000

case of failure i lose $20000.

My analysis shows P40=0.3 of success

And P-20=0.7 of failure.

The probability of a loose is much bigger than the probability of a gain.

So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.

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7 0
4 years ago
In recent years, consumers have protested against starbucks' practice of buying cheap coffee from colombian farmers and then sel
djyliett [7]

It is Raising Awareness.  

It is actually changing people’s perspective towards things they have been thinking to be right or wrong.  

In this scenario, it is generally thought and has been accepted by people that Starbucks Coffee price is too high, because they have the best quality coffee and for that they are charging high.  

But in reality, they get the raw material from farmers of Colombia at a very cheap price. This is what most of the people don’t know about. So the consumers who came to know about it, started to protest against them, thus creating awareness about this to other people.  

4 0
3 years ago
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An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
daser333 [38]

Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

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